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Atco Mining (XCNQ:ATCM) Gross Margin % : 0.00% (As of Sep. 2023)


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What is Atco Mining Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Atco Mining's Gross Profit for the three months ended in Sep. 2023 was C$0.00 Mil. Atco Mining's Revenue for the three months ended in Sep. 2023 was C$0.00 Mil. Therefore, Atco Mining's Gross Margin % for the quarter that ended in Sep. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.


The historical rank and industry rank for Atco Mining's Gross Margin % or its related term are showing as below:


XCNQ:ATCM's Gross Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 19.4
* Ranked among companies with meaningful Gross Margin % only.

Atco Mining had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Atco Mining was 0.00% per year.


Atco Mining Gross Margin % Historical Data

The historical data trend for Atco Mining's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Atco Mining Gross Margin % Chart

Atco Mining Annual Data
Trend Dec21 Dec22
Gross Margin %
- -

Atco Mining Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross Margin % Get a 7-Day Free Trial Premium Member Only - - - - -

Competitive Comparison of Atco Mining's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Atco Mining's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Atco Mining's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atco Mining's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Atco Mining's Gross Margin % falls into.



Atco Mining Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Atco Mining's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0) / 0
=N/A %

Atco Mining's Gross Margin for the quarter that ended in Sep. 2023 is calculated as


Gross Margin % (Q: Sep. 2023 )=Gross Profit (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0) / 0
=N/A %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Atco Mining  (XCNQ:ATCM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Atco Mining had a gross margin of N/A% for the quarter that ended in Sep. 2023 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Atco Mining Gross Margin % Related Terms

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Atco Mining (XCNQ:ATCM) Business Description

Traded in Other Exchanges
Address
885 West Georgia Street, Suite 2200, Vancouver, BC, CAN, V6C 3E8
Atco Mining Inc is in the exploration stage and its principal business activity is sourcing and exploration of mineral properties. It holds an interest in May Lake and Newfoundland and Labrador Project.

Atco Mining (XCNQ:ATCM) Headlines

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